CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
The Consumer Financial Protection Bureau is suing Capital One for allegedly misleading customers about its high-yield savings account options and cheating them out of close to $2 billion in interest.
Capital One sued by CFPB over its high-yield savings accounts
The CFPB said Capital One lowered and froze its 360 Savings account’s APY to 0.30 percent from late 2019 to mid-2024, while it increased the new 360 Performance Savings account’s APY from 0.40 percent to 4.25 percent between April 2022 and January 2024.
Capital One Kept $2B In Savings Account Interest From Banking Customers, Cfpb Suit Says
The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts.The Consumer Financial Protection Bureau (CFPB) filed a
Capital One sued over deceptive savings rates
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 times higher than one of its other products.
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Capital One sued; Cheated customers out of $2 billion, feds said
The Consumer Financial Protection Bureau has filed suit against Capital One for allegedly misleading customers about its high-interest savings accounts.
Capital One sued by CFPB for allegedly cheating customers out of $2 billion
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.
Consumer bureau sues Capital One for ‘cheating’ customers on savings account interest
The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the banking
You could save $200 per year thanks to the CFPB’s new cap on overdraft fees
As part of an ongoing effort to combat “junk fees” charged by banking institutions, the Consumer Financial Protection Bureau (CFPB) has issued a ruling that could save American consumers up to $5 billion per year—that’s approximately $200 per household.
Capital One Is Sued by CFPB. Why It Won’t Affect Discover Acquisition.
The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.
Capital One allegedly swindled savings account holders out of billions in interest income
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
Major bank accused of fraud, cheating customers out of billions
A federal watchdog has sued Capital One. The watchdog has accused the major bank of fraud, thus cheating customers out of ...
Capital One is having a tough week
The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.
Capital One working to fix website outage that has blocked customers from accessing funds
Capital One officials are working to fix a website outage that has blocked customers from accessing their funds.
Capital One faces US CFPB lawsuit over $2bn in unpaid interest
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...
Secrets of Capital One’s Alleged Scam Revealed
Capital One has been sued by the Consumer Financial Protection Bureau for allegedly purposefully misguiding customers on its ...